“When models turn on, brains turn off.” – Dr. Til Schuermann, Formerly Research Officer in the Banking Studies function at the Federal Reserve Bank of New York.Currently Partner at Oliver Wyman…
Tag:
Risk Mitigation
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The previous post makes it clear that the series of market events that led to the Great Financial Crisis of 2008 was as a result of poor Risk Management practices in…
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“Perhaps more than anything else, failure to recognize the precariousness and fickleness of confidence-especially in cases in which large short-term debts need to be rolled over continuously-is the key factor that gives rise…
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Banking is increasingly a global business and leading US Banks are beginning to generate serious amounts of revenue in non-US markets. A natural consequence of this revenue surge is not…